Comcast 2014 Annual Report Download - page 251

“ After-Tax Rollover Contributions ” means a contribution to the Plan made in accordance with the rules of section 402 of the Code
and pursuant to Section 7.1 of amounts which will not constitute taxable income to the Participant when distributed or withdrawn (other than
Roth Rollover Contributions).
“ After-Tax Unmatched Contributions ”
means an amount that a Participant who is a Covered Union Employee (Broadband) elects to
have deducted from his or her Compensation, in accordance with Article IV, after income taxes have been withheld on such amounts (other than
Roth Contributions). After-Tax Unmatched Contributions are not eligible for Broadband Heritage Matching Contributions.
“ Age ” means, for any individual, his age on his last birthday, except that an individual reaches Age 59 / or Age 70 / on the
corresponding date in the sixth calendar month following the month in which his 59th or 70th (respectively) birthday falls (or the last day of such
sixth month if there is no such corresponding date therein).
“ Annual Benefit Base Rate ” means, with respect to an Employee for a Plan Year, such Employee’
s Base Pay for the applicable Plan
Year plus commissions earned by such Employee during the applicable Plan Year. Annual Benefit Base Rate shall be subject to the annual dollar
limitation set forth in section 401(a)(17) of the Code.
“ Annual Rate of Pay ” means, as of any date, an employee’s annualized base pay rate as reflected on the records of the Company.
An employee’s Annual Rate of Pay shall not include sales commissions or other similar payments or awards.
“ AT&T Broadband Transaction ” means the combination of Comcast Corporation and AT&T Broadband Corp., which was
consummated on November 18, 2002.
“ Average Actual Deferral Percentage ” means, for a specified group of Early Entry Eligible Employees for a Plan Year, the average
of the Actual Deferral Percentages for such Early Entry Eligible Employees for the Plan Year.
“ Average Contribution Percentage ” means, for a specified group of Early Entry Eligible Employees for a Plan Year, the average of
the Contribution Percentages for such Early Entry Eligible Employees for the Plan Year.
“ Base Pay ”
means, with respect to an Employee for a Plan Year, regular wages actually paid to the Employee in respect of that Plan
Year, including wages paid while on vacation or other paid time off (including wages in respect of floating holiday time retroactively taken and
wages paid while on jury duty), flex time, call out pay, standby pay, shift differential and bereavement pay; and excluding overtime pay, pay in
respect of any period while the Employee is on long-term or short-term disability, and bonus payments and other incentive compensation. Base
Pay shall be subject to the annual dollar limitation set forth in section 401(a)(17) of the Code.
“ Benefit Commencement Date ”
means, for any Participant or beneficiary, the date as of which the first benefit payment, including a
single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.
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